NOT LISTED FOR SALE

409 E Gulf Dr Unit C-10 Sanibel, FL 33957

Sanibel Area

Estimated Value: $334,723

1 Bed
1 Bath
600 Sq Ft
6,316 Sq Ft Lot

Sale Details

Date Sold: July 1, 2022

Last sale price $455,000 $758 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $2,751 / mo

47 Days on Market

Highlights

  • Furnished
  • Porch
  • Open Patio
  • Community Pool
  • Cooling System Mounted In Outer Wall Opening
  • Community Barbecue Grill

About This Home

As of July 2022

Best Near Beach Value Available on Sanibel & Captiva! This fully remodeled, 1st floor, east end condo is nestled in the Colony Inn offering deeded beach access on quiet East Gulf Dr. This light and bright unit is impeccably updated and stylishly decorated with beautiful island decor. The remodeled kitchen features stainless appliances, solid surface countertops and a gorgeous inlayed tile backsplash. The bath has also been remodeled and offers a stylish vanity and beautiful tile shower with glass enclosure. Gorgeous highly sought after first floor location at Colonnades (currently the only one available). This bright and cheery condo shows extremely well and is decorated very nicely. The Colony offers a convenient on-site rental management office with many repeat visitors for excellent rental potential or a great near beach location for a winter retreat. Don't miss the opportunity to get on the island and your toes in the sand within minutes walk to the beach!

Last Agent to Sell the Property

Jason Lomano

Royal Shell Real Estate, Inc. License #280500233 Listed on: 04/14/2022

Royal Shell Real Estate, Inc.

Last Buyer's Agent

Denise Vaughn

RE/MAX Realty Group License #280597178

RE/MAX Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,698

Year Built

  • Built in 1968

Lot Details

  • Northwest Facing Home

HOA Fees

  • $883 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Shingle Roof
  • Stucco

Interior Spaces

  • 600 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Sliding Windows
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Sewer Assessments

Listing and Financial Details

  • Assessor Parcel Number 20-46-23-T3-02300.0100

Community Details

Overview

  • Association fees include management, laundry, ground maintenance, pest control, recreation facilities, sewer, trash, water
  • 36 Units
  • Association Phone (239) 472-5151
  • Colonnades Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,698

Year Built

Built in 1968

Lot Details

6,316 Sq Ft Lot

HOA Fees

$883 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condo
  • Subdivision Name: COLONNADES CONDO
  • Architectural Style: Two Story, Low Rise
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Low Rise
  • Year Built: 1968
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Interior Amenities: Living/Dining Room, None
  • Living Area: 600.0
  • Stories: 2
  • Window Features: Sliding

Exterior Features

  • Lot Features: See Remarks
  • Pool Features: Community
  • Pool Private: No
  • View: Landscaped
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: Northwest
  • Exterior Features: Patio
  • Patio And Porch Features: Open, Patio, Porch
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Laundry Features: Common Area
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Condo Hotel Community, Near Hotel/Motel
  • Amenities: Laundry, Barbecue, Picnic Area, Pool
  • Association #2 Fee: 2650.0
  • Association #2 Fee Frequency: Quarterly
  • Phone: 239-472-5151
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Laundry, Maintenance Grounds, Pest Control, Recreation Facilities, Sewer, Trash, Water

Lot Info

  • Parcel #: 20-46-23-T3-02300.0100
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 36

Tax Info

  • Tax Annual Amount: 2698.0
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jul 1, 2022
Sold by
Bought by
Seller's Agent
Jason Lomano
Royal Shell Real Estate, Inc.
Buyer's Agent
Denise Vaughn
RE/MAX Realty Group
List Price
$449,000
Sold Price
$455,000
Premium/Discount to List
$6,000
1.34%
Current Estimated Value
$334,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$120,277
Avg. Annual Appreciation
-7.29%

Purchase Details

Closed on
Jan 9, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 31, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.13%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 9, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 28, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$455,000 Superior Title Services
$160,000 Barrier Island Title Service
$200,000 Realty Title Services Of San
-- None Available
$90,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $88,000
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/01/2022 07/01/22 Sold $455,000 +1.3% $758 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $449,000 -- $748 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $365 $188,276 $188,276
2025 $365 $24,575 $24,575
2024 $404 $24,575 $24,575
2023 $404 $26,950 $0 $26,950
2022 $3,056 $207,456 $0 $0
2021 $2,698 $188,596 $0 $188,596
2020 $2,674 $186,533 $0 $186,533
2019 $2,432 $166,345 $0 $166,345
2018 $2,496 $167,153 $0 $167,153
2017 $2,541 $166,345 $0 $166,345
2016 $2,392 $156,036 $0 $156,036
2015 $2,206 $138,100 $0 $138,100
2014 -- $128,800 $0 $128,800
2013 -- $119,800 $0 $119,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222027119

Florida Gulf Coast Multiple Listing Service

APN: 20-46-23-T3-02300.0100

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